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The How of Business - How to start, run, grow and exit a small business.

526: Decision Making

The How of Business - How to start, run, grow and exit a small business.

Henry Lopez, Levante Business Group

Entrepreneurship, Business

4.7522 Ratings

🗓️ 24 June 2024

⏱️ 45 minutes

🧾️ Download transcript

Summary

Embracing and improving decision making for small business owners, with hosts Henry Lopez and David Begin.

Show Notes Page: https://www.thehowofbusiness.com/526-decision-making/

As the business owner, you, and perhaps your partners, must make all the important decisions. You can't push it up the ladder to your boss or ask a committee to come up with a consensus opinion. How do we avoid Decision Paralysis and make the big decisions necessary to start, and then continue to run and grow a successful small business?

Small business owners must make decisions. Big decisions, along with small choices; all day, every day!

To be a successful business owner, you must want to be the decision maker. Get the free download "2 Responsibilities Business Owners Must Embrace" at the show notes page for this episode.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com

Transcript

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0:00.0

Welcome to the How of Business with your host, Henry Lopez, the podcast that helps you start, run and grow your small business.

0:13.1

And now, here is your host.

0:16.2

Welcome to this episode of the How of Business.

0:18.4

Today I have my co-host back with me, David Begin. David,

0:22.5

welcome to this episode. Thanks for having me, Henry. It's always a pleasure. I'm looking

0:26.9

forward to this, this dive on this big topic of decision-making. So it's a big one, it's a big one,

0:32.7

big topic and a lot to it. So we're going to probably break this up into a couple of episodes,

0:37.1

but we'll take a first round at it here.

0:40.3

This concept of the, not concept,

0:42.2

the process of making decisions, the hard decisions.

0:45.7

As the business owner, you and maybe your partners,

0:49.5

if you've got partners,

0:50.8

you have to make all of the important decisions.

0:53.9

You can't push it up the ladder to your

0:55.7

boss or ask a committee probably to come up with a consensus opinion. You have to make the decision.

1:03.0

And so how do we avoid often what can happen, which is decision paralysis or, as you've termed it,

1:08.5

often David, we've talked about this previously, decision fatigue that comes into play.

1:13.2

But these big decisions are all ours to make on top of all of the day-to-day decisions

1:20.1

that we have to make.

1:21.6

Sometimes as business owners, it feels like that's all we're doing is making decisions.

1:25.8

But that's what it's about.

1:26.8

That's what it takes to start and to grow a successful and profitable small business.

...

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